Cryptocurrencies rise, sending bitcoin over $30,000 at one point, on optimism for a new ETF
Publishing timestamp: 2023-10-16 13:35:22
Summary
The article discusses the brief surge in cryptocurrencies, particularly bitcoin, due to speculation about the approval of a bitcoin ETF. However, the report was unconfirmed, and major media outlets were unable to verify it. The article also mentions Grayscale's lawsuit against the SEC and the possibility of the SEC allowing Grayscale to list GBTC shares. It notes that bitcoin and ether may be benefiting from worries about a recession and mentions the regulatory uncertainty in the U.S. crypto industry. The article concludes by mentioning the positive performance of crypto equities and mining stocks.
Sentiment: MIXED
Tickers: SOL.CM=, XRP.CM=, GBTC, ETH.CM=, MARA, RIOT, BNB.CM=, COIN, ADA.CM=, BTC.CM=,
Keywords: investment strategy, marathon digital holdings inc, breaking news: investing, binance/usd coin metrics, united states, riot platforms inc, cryptocurrency, cardano/usd coin metrics, markets, breaking news: markets, ethereum/usd coin metrics, ripple/usd coin metrics, business news, technology, coinbase global inc, bitcoin, grayscale bitcoin trust (btc), solana/usd coin metrics, bitcoin/usd coin metrics,
Source: https://www.cnbc.com/2023/10/16/cryptocurrencies-rise-briefly-sending-bitcoin-over-30000.html